Anyone scalping the FTSE Futures??

[barjon]

ftse holding its own both ways now - i'm paired 302 and 483

gotta go out - closed at 327 and 513 net +10

 

[SuddenDeath]

FTSE100 5339 implying Dow up 7pts

 

[Splitlink]

I'm sulkin'.

Two losing trades this morning. So will wait and see what NY does.

 

[SuddenDeath]

dow technicals are neutral for thursday and sp500 is at maximum bullish reading., this usually leads to modest but solid up closes.

Should see ftse +60 to +85 on thursday

ftse100 +86

 

[Dick Lexic]

lots of volume at 70/80 last time round

 

[Dick Lexic]

need a higher high

 

[SuddenDeath]

need a higher high

Got some big US data durable goods /unemployment claims at 1.30 and then some more stuff 3.00 and 3.30

 

[Dick Lexic]

and the next ew move up if we get one will be a three of a three of a three

think i'll stick three quid on it

 

[SuddenDeath]

and the next ew move up if we get one will be a three of a three of a three

think i'll stick three quid on it

notice how the sp500 on year chart bounced from .382% fib of the year high/low

 

[barjon]

gotta go out - closed at 327 and 513 net +10

typical net +21 now

 

[SuddenDeath]

typical net +21 now

Barjon, when you do your long short hedge, Have you ever considered fading your entry orders?

 

[Dick Lexic]

notice how the sp500 on year chart bounced from .382% fib of the year high/low

yes.. fibs fibs everywhere

 

[barjon]

Barjon, when you do your long short hedge, Have you ever considered fading your entry orders?

for one or both? No, haven't considered it really. The ideal sort of thing is if the relative ftse/dow state has reached "extreme" weak then I'll be looking for ftse to pick up strength and therefore long ftse/short dow. If I anyway favour long for the market - for whatever reason - then I'll long ftse first and hold off on the dow short while it (the ftse long) "works". Conversely, if I favour short for the market I'll enter the dow short first.

 

[SuddenDeath]

for one or both? No, haven't considered it really. The ideal sort of thing is if the relative ftse/dow state has reached "extreme" weak then I'll be looking for ftse to pick up strength and therefore long ftse/short dow. If I anyway favour long for the market - for whatever reason - then I'll long ftse first and hold off on the dow short while it (the ftse long) "works". Conversely, if I favour short for the market I'll enter the dow short first.

for instance if you are long ftse100 and need to short dow to hedge. The place one order to short and other orders below spot to sell building up the hedge gradually, if the market rises these sell orders may not get hit and you would benefit if market falls the hedge will be full as lower orders get filled.

 

[SuddenDeath]

for one or both? No, haven't considered it really. The ideal sort of thing is if the relative ftse/dow state has reached "extreme" weak then I'll be looking for ftse to pick up strength and therefore long ftse/short dow. If I anyway favour long for the market - for whatever reason - then I'll long ftse first and hold off on the dow short while it (the ftse long) "works". Conversely, if I favour short for the market I'll enter the dow short first.

For example lets say you want to go long BP and short RDSA(shell a shares)

You could place a buy stop above BP and a sell stop below RDSA. Market rises then it will hit your BP buy order and you would have option to move the RDSA sell order upwards.

 

[moscheeno]

EURCHF just had a big spike. Rumours of UBS fat finger. Shoulda posted earlier but i was too busy shorting it.

 

[Dick Lexic]

need a higher high

come on footseeeee

 

[SuddenDeath]

EURCHF just had a big spike. Rumours of UBS fat finger. Shoulda posted earlier but i was too busy shorting it.

Is that bullish or bearish for indices?

 

[SuddenDeath]

FTSE hits a century

 

[SuddenDeath]

come on footseeeee

is that the higher high u wanted?